On July 17, following Bitcoin‘s rise to $66,000, meme coins also saw activity, and the overall market rise was notable. The market rise turned into a decline after BTC fell to $63,200 yesterday afternoon, affecting meme coins as well. Among the high-volume meme coins, all projects saw declines except for one that showed a positive outlook.
Star of the Day: Dogwifhat (WIF)
WIF, which emerged at the beginning of 2024 and has seen a 3440% increase since then, reached its ATH of $4.85 at the end of March but experienced a sharp pullback afterward. Today, WIF is still 50% away from its ATH but seems to be challenging the entire market, especially BTC.
WIF price is at $2.40 after a 10.62% increase in the last 24 hours, contrary to the market declines. Analysts had been suggesting since last week that WIF could rise. More importantly, WIF showed a 57.54% increase in the last 7 days following the rises since last Saturday.
During this period, WIF’s market volume also increased similarly, reaching up to $2.4 billion again. As of the time of writing, the trading volume in the last 24 hours increased by 39% to $576.6 million. Currently, Bitcoin is seen approaching the $64,000 level again, and it is curious where WIF might move in case of a potential rise.
DOGE, SHIB, PEPE Prices
DOGE Coin saw another decline in the last 24 hours. DOGE price is at $0.1186 after a 2.85% decline during this period. Despite today’s decline, the price movement in the last 7 days indicates a 10.61% increase. DOGE’s trading volume fell below $1 billion again, while its market volume returned to $17.2 billion.
DOGE’s biggest follower, SHIB, faced selling pressure today due to hack incidents. SHIB price was among the biggest losers of the day, with a 7.57% decline. After the decline, the price was at $0.00001723.
PEPE, which was the most talked about in recent days and hit ATH after ATH in June, also saw a decline. PEPE’s decline was 4.02% in the last 24 hours, and the price reflected as $0.00001143. PEPE’s market volume is at $4.8 billion and still seems far from WIF, which it briefly lost its place to in the past.
Lastly, looking at BONK and FLOKI prices, BONK is at $0.00002622 after a 2.56% decline in 24 hours, while FLOKI is at $0.0001725 after a 5.84% decline.
